EURUSD bottomed at 1.1704 and then rebound to 1.1993, slightly above MA 50 Daily and 1.2000 level. It likely that EURUSD would form Triple Top, as EURUSD has tested 1.2000 twice in last March. First Scenario: Below 1.1950 would open the way to 1.1835. IF it still continue going down below 1.1835 then the next target is 1.1700. But IF it just stop around...
EURUSD has broken below 1.1830 and confirmed Inverted Cup & Handle Pattern. Target 1.1800 and 1.1745 has been hit (Ideas: EURUSD H4 Inverted Cup & Handle Bearish View, 24 March 2021). EURUSD bottomed at 1.1704 and rebound to 1.1915 high. Then EURUSD formed a Doji candle and potentially corrected lower to test: 1. 1.1830 again, and 2. 1.1700 Break and hold below...
DXY or USD Index has formed Cup & Handle Pattern after breached 92.50 level. USD Index hit high 93.41 and the corrected below 92.50 to continue lower at 92.11. After all, USD Index form a Doji candle and potentially rebound to test 93.45. If 93.45 break, the next target: 1. 94.20 2. 94.70 3. 95.70 4. and the strongest Resistance 97.80 Reference Ideas: DXY Index...
DXY or USD Index has formed Cup & Handle Pattern after breached 92.50 level. The next target: 1. 94.20 2. 94.70 3. 95.70 4. and the strongest Resistance 97.80
Canadian Dollar is the strongest major currency against US Dollar. USDCAD just broke its Down Trend Line. In short term view, USDCAD rebound or consolidate in 1.2360-1.2900 area. Break and hold above 1.2900 open the way to: 1. 1.3000 1. 1.3240 3. 1.3300 1.3780 is its strongest Resistance and while below this level: its medium term outlook still bearish. Break...
AUDUSD testing lower following Inverted Cup & Handle Pattern. Break and hold below 0.7560 will confirm Inverted Cup & Handle Pattern and continue its bearish view, targeting : 1. 0.7460 2. 0.7340 3. 0.7230 4. and, possibly, the strongest support 0.7000
NZDUSD went lower post Inverted Cup & Handle Pattern, targeting : 1. 0.6940 2. 0.6900 3. 0.6800 4. 0.6745
USDJPY went higher post Cup & Handle Pattern targeting : 1.111.20 2.112.20
While below 1770 is still targeting 1670. Break 1665 open the way to test 1590. Break 1685 open the way to test 1490. Area 1770-1880-1970 is Neutral. Above 1970 would reinstate Bullish outlook.
From Bullish Flag, Emerged Cup & Handle Pattern Based on Bullish Flag pattern, USDCHF Has Broken and Held Above 0.9315 then went above 0.9375 level (HoD 0.9401). Now, we can see Cup & Handle Pattern is emerging. Break and hold Above 0.9375 open the way to test: 1. 0.9460-0.9480 area, where consolidation could happen at 0.9315-0.9460 area first. 2. 0.9530 3. and...
EURUSD potentially goes lower if break and hold below 1.1830 following confirmation of Inverted Cup & Handle Pattern. The next target (If this pattern is confirmed) : 1. 1.1800 2. 1.1745 3. 1.1600
GBPUSD potentially goes lower if break and hold below 1.1.3775 following confirmation of Cup & Handle Pattern. The next target (If this pattern is confirmed) : 1. 1.3670 2. 1.3530.
XAUUSD in consolidation level mirroring Q2 2020 price movement at 1660-1760 area. Break and hold above 1770 would add bullish power to rebound targeting 1820, 1875, and 1925. Break and hold above 1925 would resume medium term bullish view to test 1990 and all time high 2075 level. Break below 1660 would invalidate its bullish view.
EURUSD Daily Bearish View Break and hold below 1.1830 would open the way to test 1.1600 area.
USDCHF H4 Bullish View Bullish Flag Break and hold Above 0.9315 open the way to test 0.9375. Break below 0.9210 would invalidated the bullish view.